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cliff deal? >> yes, i think one of the reasons that the sequestration has gotten less attention is because the operating assumption -- more than assumption, i think the operating understanding of people involved in discussions is if you can resolve the other pieces then you can use the deficit reduction achieved from the other components, both the revenue component and the cut component to replace the sequester. whether you replace it on a 10 year basis which costs about $1 trillion or if you do it on a year basis which is about $110 billion. whatever we come up with as part of an agreement should certainly be able to offset at very least the first year of the sequester. onyou can't get an agreement all the issues, including the tax piece, could you come up with a smaller package to avoid the sequester? of course, that is possible but i don't know how likely. we could do that quickly if people were willing to put together a package of $110 billion in both revenue and cuts to replace the sequester
cliff deal? >> yes, i think one of the reasons that the sequestration has gotten less attention is because the operating assumption -- more than assumption, i think the operating understanding of people involved in discussions is if you can resolve the other pieces then you can use the deficit reduction achieved from the other components, both the revenue component and the cut component to replace the sequester. whether you replace it on a 10 year basis which costs about $1 trillion or if...
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>> a new poll put out by nbc "wall street journal" on the fiscal cliff how americans want to see this resolved. 65% say -- >> bill: they want a deal. >> congressional leaders should make a compromise and make a deal which includes higher tax rates for wealthier americans and cuts to entitlement programs the people have spoken. make it happen. >> bill: you know what, on the higher tax rates, what gets me is so john boehner and the republican leadership are fighting for the 2%, right and they don't care about the 98%. this poll proves it. >> announcer: this is the "bill press show." every day presents another exciting issue. from financial regulation, iran getting a nuclear bomb, civil war in syria, fraud on wall street, destruction of medicare and medicaid. there are real issues here. having been a governor, i know that trade-offs are tough. things everyday exploding around the world that leave no shortage for exciting conversations. i want our viewer to understand why things have happened. at the end of the show, you know what has happened, why its happened and more importantly, what'
>> a new poll put out by nbc "wall street journal" on the fiscal cliff how americans want to see this resolved. 65% say -- >> bill: they want a deal. >> congressional leaders should make a compromise and make a deal which includes higher tax rates for wealthier americans and cuts to entitlement programs the people have spoken. make it happen. >> bill: you know what, on the higher tax rates, what gets me is so john boehner and the republican leadership are...
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to avert the fiscal cliff with 19 days to go until a year-end deadline. >> i remain the most optimistic person in this town. but we've got some serious differences. >> woodruff: that downbeat assessment from house speaker john boehner came after he and president obama traded fresh offers this week. >> we spoke honestly and openly about the differences we face. but, the president's calling for $1.4 trillion worth of revenue. that cannot pass the house or the senate. >> woodruff: the president originally sought $1.6 trillion in revenue over 10 years, before lowering his target to $1.4 trillion. the money would come from raising rates on the top two percent of wage earners and curbing loopholes. boehner's counter was little changed-- $800 billion in revenues from closing loopholes and capping deductions, but no rate hikes. republicans have also demanded entitlement reform, and in a tuesday interview, the president would not rule out raising the medicare eligibility age by two years to 67. today, his white house spokesman, jay carney, summed up. >> he is willing to make tough choices and he
to avert the fiscal cliff with 19 days to go until a year-end deadline. >> i remain the most optimistic person in this town. but we've got some serious differences. >> woodruff: that downbeat assessment from house speaker john boehner came after he and president obama traded fresh offers this week. >> we spoke honestly and openly about the differences we face. but, the president's calling for $1.4 trillion worth of revenue. that cannot pass the house or the senate. >>...
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cliff deal? >> yes, i think one of the reasons that the sequestration has gotten less attention is because the operating assumption -- more than assumption, i think the operating understanding of people involved in discussions is if you can resolve the other pieces then you can use the deficit reduction achieved from the other components, both the revenue component and the cut component to replace the sequester. whether you replace it on a 10 year basis which costs about $1 trillion or if you do it on an year basis. which is about $110 billion. whatever we come up with as part of an agreement should certainly be able to offset at very least the first year of the sequester. if you can't get an agreement on all the issues, including the tax piece, could you come up with a smaller package to avoid the sequester? of course, that is possible but i don't know how likely. we could do that quickly if people were willing to put together a package of $110 billion in both revenue and cuts to replace the seq
cliff deal? >> yes, i think one of the reasons that the sequestration has gotten less attention is because the operating assumption -- more than assumption, i think the operating understanding of people involved in discussions is if you can resolve the other pieces then you can use the deficit reduction achieved from the other components, both the revenue component and the cut component to replace the sequester. whether you replace it on a 10 year basis which costs about $1 trillion or if...
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senator susan collins of maine tells sawyer that when it comes to the current on-going fiscal cliff negotiations, it would be better if the women were running the show. >> i think if we were in charge of the senate and of the administration, that we would have a budget deal by now. >> go, girl power! now that we're coming up at the end of the year, we're getting a chance to take a look at what set records and who should have set the record straight. first of all twitter has revealed the most retweeted tweet of the year. and it is this photo. if we could -- there you go. from the obama campaign. it popped up election night with the caption four more years. within hours, it not only became the top retweet of the year but the top retweet ever. people in more than 200 countries around the world shared the photo of the president hugging the first lady. and politifact.com says that the romney campaign has the dishonor of having the lie of the year! that would be president obama sold chrysler to italy which would then move u.s. jeep production to china. chrysler denied the claim. the media said it was
senator susan collins of maine tells sawyer that when it comes to the current on-going fiscal cliff negotiations, it would be better if the women were running the show. >> i think if we were in charge of the senate and of the administration, that we would have a budget deal by now. >> go, girl power! now that we're coming up at the end of the year, we're getting a chance to take a look at what set records and who should have set the record straight. first of all twitter has revealed...
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negotiations continue over the so-called looming fiscal cliff. yesterday president obama and john boehner spoke by phone. washington post reported however that they are still working on a deal and nothing is locked down yet. we will talk more about the fiscal cliff this morning on "the washington journal." what tax deductions would you give up as part of a solution to the deficit problems? here are the numbers to call. for republicans, 202-585-3881. for democrats, 202-585-3880. for independents, 202-585-3882. you can also find us online. send us a tweet, twitter.com/c- spanwj. find a son facebook and weigh in there. at journal@c- span.org. "the christian science monitor," asked what we would be willing to give up. "americans would be willing to give up the tax deduction for charitable giving over other popular tax breaks." host: let's take a look at the results of this poll. 25% said that they would be willing to give up the charitable giving tax deduction. almost the same amount said it would be willing to give up their deduction for state taxes
negotiations continue over the so-called looming fiscal cliff. yesterday president obama and john boehner spoke by phone. washington post reported however that they are still working on a deal and nothing is locked down yet. we will talk more about the fiscal cliff this morning on "the washington journal." what tax deductions would you give up as part of a solution to the deficit problems? here are the numbers to call. for republicans, 202-585-3881. for democrats, 202-585-3880. for...
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will a fiscal cliff deal be done in time? why don't you register your opinion. finance.cnbc. cast your vote. results will come up later on "power lunch." sue. >> we have a triple digit rally on the floor of the new york stock exchange with the dow jones industrial just off the highs of the trading session. we're up 109 points on the dow despite the gridlock in washington. nasdaq is up 41 points and s&p 500 is up 13 points. all three of those averages moving back above their 50-day moving average. first time we've seen that since october. trader from cnbc, and ceo of destination wealth management. ken y, i'm going to start with you. you were champing at the bit listening to the interview that was done in washington. why is this market up triple digits? is it up because they think there is a deal or isn't a deal? >> very interesting. i'm beginning to think the market is rallying because there is no deal, we're going over this cliff. let's not forget, it was a bipartisan committee that couldn't come to an agreement which created the situation we're in. that senator said one side
will a fiscal cliff deal be done in time? why don't you register your opinion. finance.cnbc. cast your vote. results will come up later on "power lunch." sue. >> we have a triple digit rally on the floor of the new york stock exchange with the dow jones industrial just off the highs of the trading session. we're up 109 points on the dow despite the gridlock in washington. nasdaq is up 41 points and s&p 500 is up 13 points. all three of those averages moving back above their...
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optimism there will be a deal on the fiscal cliff. you have optimism that the recapitalization of the banks is going to be delayed by another year according to the bank of italy. and you have optimism as well on mar of election promises as we now face the pros wekt of a much earlier election in italy. to that end it is fascinating. sylvia berlusconi has come out today warning about the germano center of politics. in other words, too much of a focus on what is happening from germany and the austerity inspired by angela merkel. in particular, he is drawing attention to this. which is the spread of the extra that investors demand to hold italian bonds over german bonds. i've shown this to you a couple times. over the last year it's been a mainstay of a lot of the italian business broadcasts internally. they say our bonds are currently trading so many basis points above the germans on their hourly bulletins. that was one of the reasons why at the height of it berlusconi was kicked out of power. he's saying now this is a total calm. italia
optimism there will be a deal on the fiscal cliff. you have optimism that the recapitalization of the banks is going to be delayed by another year according to the bank of italy. and you have optimism as well on mar of election promises as we now face the pros wekt of a much earlier election in italy. to that end it is fascinating. sylvia berlusconi has come out today warning about the germano center of politics. in other words, too much of a focus on what is happening from germany and the...
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on the fiscal cliff. good morning again, everybody. i'm becky quick. here is what we know right now. the pace of private talks picking up speed as we now have just 20 days left. however, neither the white house nor house speaker boehner's office are giving any public indication that either side is yet prepared to give up real ground. on a road trip yesterday, president obama indicated that he is willing to compromise, just not on that point about an increase in tax for relthy americans. meantime, speaker boehner says he is still waiting on specific spending cuts. joining us now for analysis, tony fratto, of hamilton place strategies and former white house press secretary and gerald bernstein former economic adviser to vice president joe biden. gentlemen, thank you for being here with us and getting this special day of coverage kicked off for us. >> rising early and rising above. >> exactly. let's talk about this. jared, it seems like things have gotten quieter. do you think that's the case? is that a good
on the fiscal cliff. good morning again, everybody. i'm becky quick. here is what we know right now. the pace of private talks picking up speed as we now have just 20 days left. however, neither the white house nor house speaker boehner's office are giving any public indication that either side is yet prepared to give up real ground. on a road trip yesterday, president obama indicated that he is willing to compromise, just not on that point about an increase in tax for relthy americans....
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david, i want to drill down on even over this past weekend we heard the fiscal cliff is a cliff. no parachute. bad things happen if we go over it. i have never been persuaded of that. the payroll tax is likely to go up either way. the taxes in the healthcare bill will kickback in no matter what. sequestration could be remedied. is it in your view a slope, a cliff, what is the metaphor, and is there hysteria attached to this that is excessive? >> cliff is a problematic metaphor because it is not like the debt ceiling. it's not even like the government shutdown. you don't necessarily have an enormous market reaction. this is not like the country defaulting on its debt. but it's serious for two reasons. we don't know what the reaction could be. there it is a chance that it could spook the markets. the second thing, the combine pieces of this passage is a combined 4% of the gdp. if they went into affect and remained in affect not just for a couple of weeks but for the full year it's hard to see how the economy avoids a recession next year. it's not guaranteed but it's more than enoug
david, i want to drill down on even over this past weekend we heard the fiscal cliff is a cliff. no parachute. bad things happen if we go over it. i have never been persuaded of that. the payroll tax is likely to go up either way. the taxes in the healthcare bill will kickback in no matter what. sequestration could be remedied. is it in your view a slope, a cliff, what is the metaphor, and is there hysteria attached to this that is excessive? >> cliff is a problematic metaphor because it...
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but there is this, if no deal is struck, and the fiscal cliff comes, then $600 billion in automatic tax increases and spending cuts will kick in. that could affect a lot of programs in this room. that, wolf, is going to lead a lot of voters, democrat and republican, unhappy. >> tom foreman. dramatic way of explaining what's going on. love that virtual studio he's got over there. thank you. >>> new clues potentially uncovered in a deadly decades old mystery haunting a reform school. you'll find out what researchers think they have found. that's next. i put away money. i was 21, so i said, "hmm, i want to retire at 55." and before you know it, i'm 58 years old. time went by very fast. it goes by too, too fast. ♪ but i would do it again in a heartbeat. [ laughs ] ♪ ♪ [ male announcer ] with a select terrain dial that adjusts the jeep grand cherokee's performance for specific weather and road conditions... ♪ ...even heavy snowstorms... won't keep you from getting to work. our apologies. ♪ >>> researchers may have unkfred shocking new evidence of a mass grave at a now closed florid
but there is this, if no deal is struck, and the fiscal cliff comes, then $600 billion in automatic tax increases and spending cuts will kick in. that could affect a lot of programs in this room. that, wolf, is going to lead a lot of voters, democrat and republican, unhappy. >> tom foreman. dramatic way of explaining what's going on. love that virtual studio he's got over there. thank you. >>> new clues potentially uncovered in a deadly decades old mystery haunting a reform...
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do you think the economy has already suffered for lack of a deal to avoid the fiscal cliff? >> i think so. if we look at business investments declining in the third quarter, some as business nervousness. businesses are holding back on investment, near-term. lori: do agree the fittest and all they all they can in expecting an announcement of wanted it using three this week? the fed cannot solve this problem. >> they need to avoid most of the spending cuts and tax increases with economy likely to go under recession. the fed can help out somewhat but if we see those spending cuts and tax increases, we're likely to see it go back and ino recession. lori: purchasing the short-term, we invest in the long-term help in the mortgage market. we have seen a real those haitian, is it fair to say it has helped those housing in the economy? >> absolutely. housing prices are start to increase. buying long-term treasuries, buy mortgage-backed securities to help push down mortgage rates, affordability is incredibly kind giving low mortgage rates and the big price declines we've seen since th
do you think the economy has already suffered for lack of a deal to avoid the fiscal cliff? >> i think so. if we look at business investments declining in the third quarter, some as business nervousness. businesses are holding back on investment, near-term. lori: do agree the fittest and all they all they can in expecting an announcement of wanted it using three this week? the fed cannot solve this problem. >> they need to avoid most of the spending cuts and tax increases with...
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fiscal cliff. both sides mum on any details simply releasing statements saying that the lines of communication are open. it is now down to the wire for some something to happen that lawmakers can approve. there still needs to be enough time for the house and senate to review the legislation to debate it and possibly to pass it. we're back after the break. jennifer >>>> it's these "talking points" that the right have about "the heavy hand of government". i want to have that conversation. let's talk about it. really. really! that you're gonna lay people off because now the government's going to help you fund your health care. really? i wanna be able to have those conversations. not just to be confrontational, but to understand what the other side is saying. and you know, i'd like to arm our viewers with the ability to argue with their conservative uncle joe over the dinner table. ♪ ♪ the trucks are going farther. the new 2013 ram 1500. ♪ ♪ with the best-in-class fuel economy. engineered to mo
fiscal cliff. both sides mum on any details simply releasing statements saying that the lines of communication are open. it is now down to the wire for some something to happen that lawmakers can approve. there still needs to be enough time for the house and senate to review the legislation to debate it and possibly to pass it. we're back after the break. jennifer >>>> it's these "talking points" that the right have about "the heavy hand of government". i want to...
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fiscal cliff. both sides mum on any details simply releasing statements saying that the lines of communication are open. it is now down to the wire for some something to happen that lawmakers can approve. there still needs to be enough time for the house and senate to review the legislation to debate it and possibly to pass it. we're back after the break. >> that's hilarious! >> ...and the thinkers thinking. >> okay, so there's wiggle-room in the ten commandments is what you're telling me. >> she's joy behar. ... and current will let me say anything. >> only on current tv. [ male announcer ] red lobster's hitting the streets to tell real people about our new 15 under $15 menu. oh my goodness! oh my gosh this looks amazing! [ male announcer ] our new maine stays! 15 entrees under $15 seafood, chicken and more! oo! the tilapia with roasted vegetables! i'm actually looking at the wood grilled chicken with portobello wine sauce. that pork chop was great! no more fast food friday's! we're going to go to
fiscal cliff. both sides mum on any details simply releasing statements saying that the lines of communication are open. it is now down to the wire for some something to happen that lawmakers can approve. there still needs to be enough time for the house and senate to review the legislation to debate it and possibly to pass it. we're back after the break. >> that's hilarious! >> ...and the thinkers thinking. >> okay, so there's wiggle-room in the ten commandments is what...
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first of all, we talk about the fiscal cliff all the time. we know it's a big deal. but maybe there are some signs that it's an even bigger deal at this point. there's a story on the money section of the "usa today" talking about investors peering over the cliff at this point. the markets have kind of hung in. now there is this concern that if there's not some sort of movement, or some signs of movement pretty quickly, maybe the market also react. and then there's also the story on the front page of "the wall street journal" talking about how consumer spending is finally showing some signs of cracks. now we know that when first -- we first saw things starting out right after thanksgiving it was pretty strong sales. now the reports have been more mixed. on friday there was a preliminary measure of consumer sentiment from the university of michigan that showed a big drop after four months of gains. i can't help but wonder if that's because of all the coverage of the fiscal cliff and how much it plays into the news media. at this point maybe that's a sign for washington
first of all, we talk about the fiscal cliff all the time. we know it's a big deal. but maybe there are some signs that it's an even bigger deal at this point. there's a story on the money section of the "usa today" talking about investors peering over the cliff at this point. the markets have kind of hung in. now there is this concern that if there's not some sort of movement, or some signs of movement pretty quickly, maybe the market also react. and then there's also the story on...
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republican party that would rather go over the fiscal cliff and have a deal. host: this is a very important change. a lot of people say, 1995 and 1996, the speaker and president clinton were able to cut a deal addicted to their caucuses what will happen. this is a different deal. he could say, if you do not like the steel, it is not clear to me if john boehner wanted the cops as they would take him up on the offer. guest: the parties are much more partisan and split. the ideological differences between them are much greater. the speaker is a little weaker than gingrich was before. the world has changed completely since 1995. guest: i would point out all the focus is on the house. how are you going to get it through the senate? mitch mcconnell is in a tough position. harry reid, he has some people who loves his job. he would like to be along with the progressives. i look at this and i worry because in the camp that believes going over the cliff -- the united states will enter a new recession. i do not see the basic associations on the house and senate side that
republican party that would rather go over the fiscal cliff and have a deal. host: this is a very important change. a lot of people say, 1995 and 1996, the speaker and president clinton were able to cut a deal addicted to their caucuses what will happen. this is a different deal. he could say, if you do not like the steel, it is not clear to me if john boehner wanted the cops as they would take him up on the offer. guest: the parties are much more partisan and split. the ideological differences...
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the threat of going over the fiscal cliff is overblown. it will get done. an 11th hour deal. john, as you read the politics at play, what do you see? >> i see both sides digging in. you've just played the president saying i want that rate hike. the republicans are saying mr. president, we'll give you the revenues, but not through a rate hike, but the president believes he won the election and he's upped the ante. says he wants twice as much in tax revenues than a year and a half ago, so the president believes he has the higher ground. i think maybe the democrats have a deeper trench, if you will. they have public on their side. but if you talk to people in washington, there's still this sense that at a last minute, reason will prevail, but there's not a lot of optimism. you know this and my colleagues know this, more and more people are talking about the threat. not only if you don't deal with this, you'll send the united states back in a recession, but that the global economy is teetering. they're in their political vaults and maybe blind to the political stakes. >> ken, let
the threat of going over the fiscal cliff is overblown. it will get done. an 11th hour deal. john, as you read the politics at play, what do you see? >> i see both sides digging in. you've just played the president saying i want that rate hike. the republicans are saying mr. president, we'll give you the revenues, but not through a rate hike, but the president believes he won the election and he's upped the ante. says he wants twice as much in tax revenues than a year and a half ago, so...
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republican party that would rather go over the fiscal cliff and have a deal. host: this is a very important change. a lot of people say, 1995 and 1996, the speaker and president clinton were able to cut a deal addicted to their caucuses what will happen. this is a different deal. he could say, if you do not like the steel, it is not clear to me if john boehner wanted the cops as they would take him up on the offer. guest: the parties are much more partisan and split. the ideological differences between them are much greater. the speaker is a little weaker than gingrich was before. the world has changed completely since 1995. guest: i would point out all the focus is on the house. how are you going to get it through the senate? mitch mcconnell is in a tough position. harry reid, he has some people who loves his job. he would like to be along with the progressives. i look at this and i worry because in the camp that believes going over the cliff -- the united states will enter a new recession. i do not see the basic associations on the house and senate side that
republican party that would rather go over the fiscal cliff and have a deal. host: this is a very important change. a lot of people say, 1995 and 1996, the speaker and president clinton were able to cut a deal addicted to their caucuses what will happen. this is a different deal. he could say, if you do not like the steel, it is not clear to me if john boehner wanted the cops as they would take him up on the offer. guest: the parties are much more partisan and split. the ideological differences...
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if we gopher 00 fiscal cliff the republicans who are in complete disarray will be blamed. both parties in their own way are putting the country at risk, the risk of a recession because of politics. >> all right. and pat, the republicans will get more blame. we know that already. but ultimately the president of the economy goes may pay the price as he did last august. the problem i have is with what doug said the republicans are in such a disarray. make a case other than we don't want to attack rich people and they lost that in the election and have not been able to make the case that they should have made in the election this year which is on spending and the debt limit. >> go ahead. >> this is bad for the g.o.p. no matter what. and i hate to say this. but, you know, we are either not going appeal to our very conservative base or we're going to tick off people that think that we're not being hard enough. so, this is going to end up. this is going to play badly for the g.o.p. either way. obama set this up. kind of like a dog and pony show to where it's almost like this is j
if we gopher 00 fiscal cliff the republicans who are in complete disarray will be blamed. both parties in their own way are putting the country at risk, the risk of a recession because of politics. >> all right. and pat, the republicans will get more blame. we know that already. but ultimately the president of the economy goes may pay the price as he did last august. the problem i have is with what doug said the republicans are in such a disarray. make a case other than we don't want to...
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are you hearing that social security might be something that's also included in the fiscal cliff deal? >> well, i'm hearing the democrats want to block that. they don't want the social security part of the deal. but the republicans are kind of insisting on it. that puts the white house in kind of a difficult position. that's one of the many issues holding up this deal right now. >> the political leverage in all of this, of course, some head pulling, indicating republicans would bear most of the blame if we go over the so-called cliff. last week's survey found that 21% of americans would blame president obama and the democrats. 23% say they would blame the republicans. 52% would be annoyed with both parties equally. is it really clear at this point who would be blamed? >> i think the -- >> i'm sorry. excuse me. >> it's okay. i think members of congress bear the brunt of this, especially the house. they're going to be the odd man out. i think in the end voters, if the deal does not happen, the house will carry a lot of blame for it. >> two member numbers very imp 39.6%, 35%. the preside
are you hearing that social security might be something that's also included in the fiscal cliff deal? >> well, i'm hearing the democrats want to block that. they don't want the social security part of the deal. but the republicans are kind of insisting on it. that puts the white house in kind of a difficult position. that's one of the many issues holding up this deal right now. >> the political leverage in all of this, of course, some head pulling, indicating republicans would bear...
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but one prominent democrat today suggesting he's more confident a fiscal cliff deal will get done. >> three days ago i would have said that the chances of something being worked out were at best 20%. i feel a little bit more comfortable believing that something is going to be worked out, give it about a 70% chance. the fact that boehner and the president have pretty much gotten to a point where they'll be sitting down trying to work this out as opposed to a lot of cooks in the kitchen, i think that's helpful. >> the president has the upper hand on the politics right now. i mean, there are more people who make less than there are in the top 1%, top 5% or whatever. but will it create jobs? and while the president has spent most of this negotiation process talking about taxes, he hasn't talked about cuts as much as we want to see. >> joining me now, congressional reporter for roll call meredith shiner and washington bureau chief for "usa today" susan page. susan, you heard congressman cummings there say he now gives the deal a 70% chance of happening as opposed to a few days ago when it
but one prominent democrat today suggesting he's more confident a fiscal cliff deal will get done. >> three days ago i would have said that the chances of something being worked out were at best 20%. i feel a little bit more comfortable believing that something is going to be worked out, give it about a 70% chance. the fact that boehner and the president have pretty much gotten to a point where they'll be sitting down trying to work this out as opposed to a lot of cooks in the kitchen, i...
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Dec 8, 2012
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no ifs, ands or buts on that specific aspect of the fiscal cliff. >> with respect to the tax rates, i want to emphasize, i am open to new ideas. i'm not going to slam the door in their face. i want to hear -- i want to hear ideas from everybody. >> that's not a no. here is the treasury secretary timothy geithner. >> there's no agreement that doesn't involve the rates going up on the top 2%. >> not necessarily going up to the clinton era rates. just going up. today at a press conference at the capital, bain got a question about this. listen carefully to how he responded or didn't respond. >> you did speak with the president earlier this week. can you characterize this call? and also we understand that he just is making clear that it's got to be increasing rates for the wealthy or no deal. are you willing to give a little bit? maybe just not all the way to 39.6? >> the phone call was pleasant, but just more of the same. the conversations that the staff had yesterday, just more of the same. it's time for the president, if east serious, to come back to us with a counteroffer. >> not a no
no ifs, ands or buts on that specific aspect of the fiscal cliff. >> with respect to the tax rates, i want to emphasize, i am open to new ideas. i'm not going to slam the door in their face. i want to hear -- i want to hear ideas from everybody. >> that's not a no. here is the treasury secretary timothy geithner. >> there's no agreement that doesn't involve the rates going up on the top 2%. >> not necessarily going up to the clinton era rates. just going up. today at a...
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Dec 7, 2012
12/12
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as soon as the holidays end, we're most likely going to go over the fiscal cliff. something that could absolutely crush the consumer. all of which means it's a very confusing moment. we want to stick with best of breed that can come bouncing back whenever our leaders reach a deal. companies like ascena retail group, asna. the apparel artist formerly known as dress barn. we've been fans because they have a terrific model. own multiple niche brands, maurice's for 20-something women, dress barn, appeals to a more middle aged demo, and charming shops, giving them two successful plus-sized chains. i believe in this deal because they have a terrific record of making transitions work. the stock got slammed today, falling 4.3%. they delivered a four-cent earnings beat, revenues were in line, but still rose 48% year-over-year. and they reaffirmed their guidance for 2013, numbers slightly less than what some on wall street were expecting. what happened here, i think, is the stock ran 35% for the year. expectations got so elevated that for some, well, they say they were disap
as soon as the holidays end, we're most likely going to go over the fiscal cliff. something that could absolutely crush the consumer. all of which means it's a very confusing moment. we want to stick with best of breed that can come bouncing back whenever our leaders reach a deal. companies like ascena retail group, asna. the apparel artist formerly known as dress barn. we've been fans because they have a terrific model. own multiple niche brands, maurice's for 20-something women, dress barn,...
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Dec 7, 2012
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the president has asked the american people to put pressure on congress to accept a deal in fiscal cliff negotiations. the white house is pulling out all stops and cranking up the social media campaign. president obama has been encouraging supporters to tweet with the #my2k, explaining what a $2,000 tax increase would mean for them and their families. the white house reports the hash tag has appeared in over 275,000 tweets with twitter seeing more than 18,000 tweets per hour add its peak. the road show coupled with the social media campaign is unprecedented. this is the kind of effort that helped president obama win a second term. now we'll see if his grassroots army can convince republicans to do what's right by the american people. i'm joined tonight by democratic strategist donna gentile-o'donnell and msnbc political analyst and georgetown university professor, michael eric dyson. great to have you with us tonight. >> thank you. >> i just want to go right to this poll. this quinnipiac poll was released today, and it shows the majority of the american people want tax rates to go up for
the president has asked the american people to put pressure on congress to accept a deal in fiscal cliff negotiations. the white house is pulling out all stops and cranking up the social media campaign. president obama has been encouraging supporters to tweet with the #my2k, explaining what a $2,000 tax increase would mean for them and their families. the white house reports the hash tag has appeared in over 275,000 tweets with twitter seeing more than 18,000 tweets per hour add its peak. the...
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Dec 7, 2012
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this fiscal cliff we talk about, i'm afraid, is no bungee jump. what doesn't go down doesn't by necessity go back up. this is why i'm warmed that the president is working here for an early deal, one before christmas. this country needs to get back on its feet economically. we went under financial chaos under work. president obama came in to right
this fiscal cliff we talk about, i'm afraid, is no bungee jump. what doesn't go down doesn't by necessity go back up. this is why i'm warmed that the president is working here for an early deal, one before christmas. this country needs to get back on its feet economically. we went under financial chaos under work. president obama came in to right
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Dec 7, 2012
12/12
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this fiscal cliff we talk about, i'm afraid, is no bungee jump. what doesn't go down doesn't by necessity go back up. this is why i'm warmed that the president is working here for an early deal, one before christmas. this country needs to get back on its feet economically. we went under financial chaos under work. president obama came in to right things. he's been doing it, gradually getting us to forget how bad things were. they don't blame obama for the weak economy, they still blame w. this isn't about right or wrong. that's what w. did and his crowd did. i want president obama to do what he looks like he's already doing, getting it done right and on time. he knows it's an unc
this fiscal cliff we talk about, i'm afraid, is no bungee jump. what doesn't go down doesn't by necessity go back up. this is why i'm warmed that the president is working here for an early deal, one before christmas. this country needs to get back on its feet economically. we went under financial chaos under work. president obama came in to right things. he's been doing it, gradually getting us to forget how bad things were. they don't blame obama for the weak economy, they still blame w. this...
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Dec 7, 2012
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no the policy show the public will blame the gop if we go over the fiscal cliff. if that's the case, if he won't deal unless the republicans agree to raise the top rates or revenues, then boehner needs to understand this reality and not under any circumstances surrender or appear weak. now what that means specifically is boehner cannot allow himself to begin to negotiate with himself anda republicans because all that will do is vindicate and reward obama's inflexibility and cause a fierce fight within the gop and conservative. i get the feeling with each and every day as republicans move closer and closer to the obama position, that they are too afraid to go over the clip. they are too willing to make a deal, any deal, no matter how bad that might be. that's the danger. and there's a feeling out there these days in terms of the body language and the posture of the republican leadership, that's the direction they are headed. they look like they are atrade. they look like they want to deal and if they don't get one, the world is going to come crashing down on them.
no the policy show the public will blame the gop if we go over the fiscal cliff. if that's the case, if he won't deal unless the republicans agree to raise the top rates or revenues, then boehner needs to understand this reality and not under any circumstances surrender or appear weak. now what that means specifically is boehner cannot allow himself to begin to negotiate with himself anda republicans because all that will do is vindicate and reward obama's inflexibility and cause a fierce fight...
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Dec 7, 2012
12/12
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this fiscal cliff we talk about, i'm afraid is no bungee jump. what goes down doesn't by necessity come back up. this is why i've warned to know the president is working here for an early deal, one before christmas. this country needs to get back on its feet economically. we went through financial chaos under w. president obama came in to right things. he's been doing it, gradually getting us to forget how bad things were. fortunately for him the voters remember how bad they were. that's one reason they don't blame obama for the weak economy, they still blame w. this isn't about right or wrong. it's about being smart and not putting the country at risk for ideological gain. that's what w. and his crowd did. i want president obama to do what he's already doing, from the looks of things, get this deal done right and get it done on time. he knows fail to cut this on schedule is a risk of unclear dimension. nobody knows, i don't, how bad the whirlwinds will be if he
this fiscal cliff we talk about, i'm afraid is no bungee jump. what goes down doesn't by necessity come back up. this is why i've warned to know the president is working here for an early deal, one before christmas. this country needs to get back on its feet economically. we went through financial chaos under w. president obama came in to right things. he's been doing it, gradually getting us to forget how bad things were. fortunately for him the voters remember how bad they were. that's one...